Weekly FX roundup: Euro pressure continues, markets look to China

15 March 2010

The lack of first tier economic data and stories from this past week has failed to capture the market's imagination and has largely kept the FX markets in their mid-term ranges. The currency and commodity markets kicked off the week on a bearish note against the US Dollar; instead of an expected build-up of risk sentiment spurred by a better than expected NFP number from the US from the Friday before, the majors came under a wave of fresh selling against the greenback.

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